The long-running drama of MGM should play out by tomorrow when creditors decide whether or not to embrace a restructuring package that puts Spyglass partners Roger Birnbaum and Gary Barber in control or instead give the MGM assets to Carl Icahn and Lionsgate. Elsewhere, Miramax Films, the other endless custody battle, is starting to come together. Reports have former News Corp exec Mike Lang in talks to become CEO, and MGM television coprexy Jim Packer also in discussions to take a post. All this is contingent on the sale of the company by Disney to Filmyard Holdings that takes place at year’s end. That purchase is backed by Ron Tutor and Colony Capital.
By THE DEADLINE TEAM | Thursday October 28, 2010 @ 4:42am PDTTags: Carl Icahn, Carl Icahn Lionsgate MGM Merger, Deals, Gary Barber, Lionsgate, MGM, MGM Creditors, MGM Restructuring, MGM Spyglass, Miramax, Miramax Mike Lang, Movie Deals, Movies, Roger Birnbaum, Ron Tutor Colony Capital
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